Pension Schemes Quotes

We must work hard to ensure that Social Security remains solvent for future generations.

The U.K. is one of the few places in the world that has final salary pensions.

The current institutionally provided retirement plans will not cover people's needs upon retirement.

Employer contribution pension plans have become increasingly popular throughout the past two decades.

Retirement is an illusion. Not a reward but a mantrap. The bankrupt underside of success. A shortcut to death. Golf courses are too much like cemeteries.

I don't invest in the stock market, but I have pension funds - some in America and the UK.

In Western Europe, most countries have variations of the lifetime pension system for most workers so they are keeping the system that we are walking away from. By comparison, 50% of the American workforce is not offered any retirement plan by their employers. And of those who are offered a plan, roughly 25% do not choose to join. In other words, everything is voluntary, and that's one of the reasons our results are so perilous for most people.

It all would have been much better if individuals saved for their own old age.

I took a hasty trip to Germany, Sweden, Denmark, the Netherlands, and England to talk to the officials of each Government about their pension provisions, and to talk to the responsible ministers in each country about the political "whys" of their legislation.

The former pension minister, the Liberal Democrat Steve Webb said I was trying to abolish the lump sum. Instead, we are going to keep the lump sum and abolish the Liberal Democrats.

Is this a fit time, said my father to himself, to talk of Pensions and Grenadiers?